MWTRX vs. ICSH
Compare and contrast key facts about Metropolitan West Total Return Bond Fund (MWTRX) and iShares Ultra Short Duration Bond Active ETF (ICSH).
MWTRX is managed by Metropolitan West Funds. It was launched on Mar 31, 1997. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013.
Performance
MWTRX vs. ICSH - Performance Comparison
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MWTRX vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | -0.30% | 7.29% | 0.45% | 5.77% | -15.52% | -1.51% | 8.79% | 8.95% | 0.17% | 3.10% |
ICSH iShares Ultra Short Duration Bond Active ETF | 0.79% | 4.96% | 5.52% | 5.58% | 0.97% | 0.16% | 1.61% | 3.17% | 2.25% | 1.63% |
Returns By Period
In the year-to-date period, MWTRX achieves a -0.30% return, which is significantly lower than ICSH's 0.79% return. Over the past 10 years, MWTRX has underperformed ICSH with an annualized return of 1.47%, while ICSH has yielded a comparatively higher 2.71% annualized return.
MWTRX
- 1D
- 0.22%
- 1M
- -1.73%
- YTD
- -0.30%
- 6M
- 0.42%
- 1Y
- 3.46%
- 3Y*
- 3.34%
- 5Y*
- -0.56%
- 10Y*
- 1.47%
ICSH
- 1D
- 0.05%
- 1M
- 0.14%
- YTD
- 0.79%
- 6M
- 1.90%
- 1Y
- 4.42%
- 3Y*
- 5.23%
- 5Y*
- 3.56%
- 10Y*
- 2.71%
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MWTRX vs. ICSH - Expense Ratio Comparison
MWTRX has a 0.65% expense ratio, which is higher than ICSH's 0.08% expense ratio.
Return for Risk
MWTRX vs. ICSH — Risk / Return Rank
MWTRX
ICSH
MWTRX vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Metropolitan West Total Return Bond Fund (MWTRX) and iShares Ultra Short Duration Bond Active ETF (ICSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| MWTRX | ICSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 10.89 | -10.12 |
Sortino ratioReturn per unit of downside risk | 1.12 | 25.73 | -24.60 |
Omega ratioGain probability vs. loss probability | 1.14 | 6.44 | -5.30 |
Calmar ratioReturn relative to maximum drawdown | 1.33 | 44.98 | -43.65 |
Martin ratioReturn relative to average drawdown | 3.53 | 281.70 | -278.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWTRX | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 10.89 | -10.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 7.42 | -7.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 2.56 | -2.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.90 | -0.91 |
Correlation
The correlation between MWTRX and ICSH is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MWTRX vs. ICSH - Dividend Comparison
MWTRX's dividend yield for the trailing twelve months is around 3.42%, less than ICSH's 4.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWTRX Metropolitan West Total Return Bond Fund | 3.42% | 3.69% | 4.16% | 3.88% | 1.91% | 0.93% | 6.38% | 3.38% | 2.73% | 1.92% | 3.10% | 2.69% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.42% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Drawdowns
MWTRX vs. ICSH - Drawdown Comparison
The maximum MWTRX drawdown since its inception was -20.81%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for MWTRX and ICSH.
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Drawdown Indicators
| MWTRX | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.81% | -3.94% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -0.10% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.67% | -0.73% | -19.94% |
Max Drawdown (10Y)Largest decline over 10 years | -20.81% | -3.94% | -16.87% |
Current DrawdownCurrent decline from peak | -5.44% | 0.00% | -5.44% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -0.08% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.02% | +1.17% |
Volatility
MWTRX vs. ICSH - Volatility Comparison
Metropolitan West Total Return Bond Fund (MWTRX) has a higher volatility of 1.71% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that MWTRX's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWTRX | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 0.16% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.89% | 0.27% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.92% | 0.41% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.60% | 0.48% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 1.06% | +4.22% |